Airbus
Airbus is a publicly listed company headquartered in Leiden, Netherlands. In 2023, it had USD 70.8 billion in revenue and delivered 735 commercial aircraft. The company is a leader in the aerospace industry, focusing on innovation and sustainability. Airbus is pioneering sustainable aerospace with initiatives such as developing zero-emission aircraft and increasing the use of sustainable aviation fuels (SAFs).
- Ranking position
- #2 /14
- Total score
- 46.7 /100
- ACT
- 36.6 /60
- Core social indicators
- 7.0 /20
- Just transition
- 3.1 /20
- Performance score
- 9.6 /20
- Narrative Score
- ABCDE
- Trend Score
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- Trend line is up
- Trend line is equal
- Trend line is down
ACT score components
Act assessment
Trend
Airbus receives a trend score of =. If the company were reassessed in the near future, its score would likely to remain the same. The company has set robust emissions reduction targets and it is on track to achieving the reduction in absolute emissions required by its 1.5 °C pathway. There is evidence that the company is committed to promoting new business models, such as development of SAFs, development of hydrogen-powered engines/aircraft and design improvements to reduce fuel usage. However, the company’s low-carbon CapEx and low-carbon revenue in 2023 accounted for 0% of its total CapEx and total revenue.
Progress towards the Paris Agreement
Airbus has set a target to reduce its scope 1 and 2 emissions by 63% by 2030 compared to 2015. Additionally, the company has set a target to reduce scope 3 emissions from the use of sold products by 46% by 2035 compared to 2015. It has a comprehensive low-carbon transition plan informed by climate scenario analysis that has considered the implications of a 1.5 °C scenario, and covers the short, medium and long term, with 2025, 2035 and 2050 as the respective time horizons. Airbus does not disclose what proportion of its R&D expenditure is invested in low-carbon technologies. Airbus’s scope 1 and 2 absolute emissions, and its scope 3 carbon intensity decressed between 2019 and 2023. This change is partly due to its effort to promote new business models, SAF development, hydrogen-powered engines/aircraft, and design improvements to reduce fuel usage. Airbus has set ambitious targets for reducing its carbon emissions, and the company is on track to achieving the reduction in emissions required by its 1.5°C pathway. However the company needs to significantly increase the proportion of its R&D and CapEX dedicated to low-carbon technologies to support its transition.
Social Assessment
Core Social Assessment
More about the company
- Headquarters
- Blagnac, France
- Ownership
- Publicly-listed
- Group revenue
- USD 70.8 billion (FY2023)
- Group employees
- 147,893 (FY2023)
- Vehicles sold
- 735 (FY2023)
- Website
- https://www.airbus.com
